FRP Holdings Stock Forecast
Green day on Tuesday for FRP Holdings
(Updated on Apr 23, 2024)
The FRP Holdings stock price gained 0.96% on the last trading day (Tuesday, 23rd Apr 2024), rising from $30.13 to $30.42. During the last trading day the stock fluctuated 2.12% from a day low at $30.17 to a day high of $30.81. The price has been going up and down for this period, and there has been a -49.73% loss for the last 2 weeks. Volume fell on the last day by -10 thousand shares and in total, 13 thousand shares were bought and sold for approximately $406.14 thousand. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
The stock lies in the lower of a very wide and falling trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $27.85 is broken, it will firstly indicate a stronger fall rate. Given the current short-term trend, the stock is expected to fall -22.63% during the next 3 months and, with a 90% probability hold a price between $21.55 and $45.24 at the end of this 3-month period.
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FRPH Signals & Forecast
A buy signal was issued from a pivot bottom point on Tuesday, April 16, 2024, and so far it has risen 4.07%. Further rise is indicated until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. The FRP Holdings stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at $54.24. On a fall, the stock will find some support from the short-term average at $29.86. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell during the last trading day while the price increased. This causes a divergence and may be considered as an early warning, but it may also not.
Support, Risk & Stop-loss for FRP Holdings stock
FRP Holdings finds support from accumulated volume at $30.13 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock may move very much during the day (volatility) and with periodic low trading volume this stock is considered to be "very high risk". During the last day, the stock moved $0.640 between high and low, or 2.12%. For the last week the stock has had daily average volatility of 2.43%.
FRP Holdings is oversold on RSI14 (8). Some stocks may fall long and hard while being oversold on RSI, but stocks that are heavily oversold on RSI often pose good re-bounce chance and played well it can be a buy candidate.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (FRPH) For The Upcoming Trading Day Of Wednesday 24th
For the upcoming trading day on Wednesday, 24th we expect FRP Holdings to open at $30.47, and during the day (based on 14 day Average True Range), to move between $28.00 and $32.84, which gives a possible trading interval of +/-$2.42 (+/-7.96%) up or down from last closing price. If FRP Holdings takes out the full calculated possible swing range there will be an estimated 15.92% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ $30.13, some $0.290 (0.95%) from the current price of $30.42, our system finds the risk reward attractive.
Is FRP Holdings stock A Buy?
FRP Holdings holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock.
Current score: -5.035 Strong Sell Candidate Unchanged
Predicted Opening Price for FRP Holdings of Wednesday, April 24, 2024
| Fair opening price April 24, 2024 | Current price |
|---|---|
| $30.47 ( 0.153%) | $30.42 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for FRPH
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 31.11 | 2.26 % | |
| R2 | 30.86 | 1.45 % | ||
| R1 | 30.71 | 0.96 % | ||
| Current price: | 30.42 | |||
| Support | S1 | 30.22 | -0.650 % | |
| S2 | 30.07 | -1.15 % | ||
| S3 | 29.83 | -1.95 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 0 | . | ||
| R1 | 0 | . | ||
| Current price | 30.42 | |||
| Support | S1 | 30.13 | -0.95% | |
| S2 | 29.38 | -3.42% | ||
| S3 | 29.33 | -3.58% |
FRPH Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Feb 02, 2015 | Feb 02, 2015 | Feb 02, 2015 | $6.00 | 38.89% |
FAQ
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